Reported 4 days ago
Shares of BlueScope Steel soared to their highest level in over three years after the company reported a half-year underlying profit of A$176 million, exceeding market forecasts. The stock surged by up to 12.3% to A$25.100, supported by positive commentary on U.S. tariffs on steel imports. BlueScope anticipates increased profitability from rising steel prices and projects underlying EBIT for the second half of the year to be significantly higher.
Source: YAHOO